Cash Rate

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent. Statement by Glenn Stevens, Governor: Monetary Policy Decision The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, [...]

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the RBA Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends [...]

If economists are right in their predictions, the RBA will cut rates by a further quarter of a per cent when it meets again in May. Senior ANZ economist Felicity Emmet sights a number of factors that point to a likely downward shift in rates; "It's looking like more of a line-ball call this month, [...]

Statement by Glenn Stevens, Governor: Monetary Policy Decision Moderate growth in the global economy is expected in 2015, with the US economy continuing to strengthen, even as China's growth slows a little from last year's outcome. Commodity prices have declined over the past year, in some cases sharply. The price of oil in particular is [...]

With an already 'booming' market heavily inflated by both local and overseas investors, Australian house prices are at risk of potentially falling in value in conditions continue as they are. The RBA has warned that interest-only loans may be a contributing factor to the burgeoning property market as they produce the added risk of creating [...]

The RBA has today announced that they will leave the rates on hold for the month of March, keeping the current cash rate at its record low of 2.25%. RBA Governor Glen Stevens has pointed to continual declines in the commodity prices along with our domestic growth rates that are also in decline. Credit [...]

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